Finance Ministry Defends Reversal of Unsolicited Proposals Policy
The Ministry of Finance has defended its decision to reverse the annulment of the previous government’s Unsolicited Proposals Policy (USP...
STO Will Launch Bunkering Services Mid-Year: Shimad
State Trading Organization (STO) will begin bunkering services — the supply of fuel to marine vessels — by the middle...
RACL Seeks EOIs for Kulhudhuffushi Airport Expansion and Redevelopment
Regional Airports Company Limited (RACL) has invited interested parties to submit Expressions of Interest (EOIs) for the expansion and redevelopment...
Government to Allocate 100-Hectare SEZ for Re-Export SOE
A 100-hectare Special Economic Zone (SEZ) will be set aside, with a view towards economic diversification, for a re-export commercial...
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
State Reserves Rise in November Over October, Lower Compared With Same Period in 2022
The Maldives’ official reserves saw an increase in November this year compared to October, according to data released by the...
November Inflation Down on Average, Rose for Key Commodities
Prices of goods and services fell in November compared to October this year, the National Bureau of Statistics (NBS) has...
New Companies Act to Empower Individual Entrepreneurs
The Maldivian corporate landscape stands on the brink of a significant transformation as the new Companies Act, ratified by President...
Maldives’ Fish Exports Surpass MVR 2 Billion in 2023
The Maldives exported fish worth MVR 2.1 billion as of November 2023, according to data by the Maldives Monetary Authority...
Maldives’ Exports Grow 32% in November
The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data...
